Reassessing the economic value of advanced level mathematics

Adkins, Michael and Noyes, Andrew (2016) Reassessing the economic value of advanced level mathematics. British Educational Research Journal, 42 (1). pp. 93-116. ISSN 0141-1926

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Abstract

In the late 1990s, the economic return to Advanced level (A-level) mathematics was examined. The analysis was based upon a series of log-linear models of earnings in the 1958 National Child Development Survey (NCDS) and the National Survey of 1980 Graduates and Diplomates. The core finding was that A-level mathematics had a unique earnings premium of 7-10% at age 33. In recent years, this finding has contributed to the government’s agenda of increasing participation in post-16 study of advanced mathematics in England. Given that the 1958 NCDS participants are now 57 years old, this paper repeats this important work using the 1970 British Cohort Study (BCS). Updated models are used to investigate whether the A-level mathematics premium also existed at age 34 for the 1970 BCS participants. There does appear to be a return of approximately 11% when replicating the original model closely but the robustness of this result depends on the model specification, sample size and the handling of missing data. We consider theoretical explanations of these findings and their implications for policy and future research.

Item Type: Article
Additional Information: This is the peer reviewed version of the following article: Adkins, M. and Noyes, A. (2016), Reassessing the economic value of advanced level mathematics. British Educational Research Journal, 42: 93–116. doi: 10.1002/berj.3219, which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1002/berj.3219/abstract . This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Schools/Departments: University of Nottingham UK Campus > Faculty of Social Sciences > School of Education
Identification Number: https://doi.org/10.1002/berj.3219
Depositing User: Noyes, Andrew
Date Deposited: 01 Feb 2016 10:02
Last Modified: 15 Sep 2016 01:18
URI: http://eprints.nottingham.ac.uk/id/eprint/31453

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